Russia’s Central Bank Moves to Grant Crypto Exchange Licenses to Banks Via Notification

TLDR: Russia’s CBR wants banks to obtain crypto exchange licenses through a simple notification process using existing credentials. Banks and brokers would act as crypto intermediaries, capped at one percent of capital to control early-stage market risk exposure. Qualified investors face no crypto purchase limits, while non-qualified investors are capped at 300,000 rubles annually per [...]

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